So, what’s up in China? 🇨🇳 Issue 91, covering 16 – 22 August.

1. Tencent will invest another 50 billion RMB in “further supporting people’s livelihood, including rural revitalization, income increases for low-wage workers, improvements in the primary health care system and balanced development of education”. This move is following government’s announcement last week to move towards an “olive-shaped economy” with a small upper and lower class, and a large middle class. (Pan Daily)

2. Weibo’s MAUs reached 566 million in June 2021, a net addition of 43 million users on a yoy basis. ✌️ (China Internet Watch)

3. WeChat MAUs reached 1.25 billion users in Q2 2021. (China Internet Watch)

4. Bilibili’s net loss reaches 1.12 billion RMB in Q2 this year. Its MAUs reached 237.1 million. (Kr Asia)

5. China’s fresh food e-commerce sector will exceed 1 trillion RMB (US$154.6 billion) in sales by 2023. 🚀 (Pan Daily)

6. China has announced new personal data protection regulations and they will go live on September 1. 🤓 (Pan Daily)

7. China plans to set up a national pension company in Beijing with registered capital of 11.15 billion RMB ($1.72 billion) as the country’s population rapidly ages. 💰 (Nikkei Asia)

8. Tencent Video has filed a lawsuit against Douyin for copyright infringement and unfair competition. 🙈 (Technode)

9. China plans to issue digital driver’s license nationwide by 2022. 🚘 (China Daily)

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